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A perpetual project requires initial investment of $15,792 and is financed with debt-to-equity ratio of 0.41. If the adjusted present value of the project is
A perpetual project requires initial investment of $15,792 and is financed with debt-to-equity ratio of 0.41. If the adjusted present value of the project is $1,033, the cost of debt is 6.4% and the tax rate is 35%, what is the net present value of the project if it is all equity financed?
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